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Please follow your own advice: belgiumsui Member Profile belgiumsui
Monday, April 22, 2013 1:54:44 PM
Re: Jommeke post# 114239
Post # of 114312
don't waste your time responding to rudy.
Wow a long time ago. If you didn't already notice or didn't care I've since stop drawing conclusions and rarely post but I'm sure like yourself and other reactionaries you may have other motives for posting whatever pops in your head in this forum.
Unfortunately this seems to be true about this board. People here get wound up for what really adds up to nothing or misunderstand the context of the filings and form their own conclusions.
I second that. News we can use is what counts now.
Seen it been there I think that's all jade was trying to say. Let's stick to the facts this time. We're waiting for news about final reorganization and how they will settle with shareholders fairly. Absolutely no evidence this company is merging with anyone.
I'll believe this is the ATrain rally when it hits .20 :)
Relaying accurate info from the source (lawyer) representing a entity (atrn) whose job it is IS to relay that information won't get you in "hot water". Some people here probably would rather have that info not made too public but most here are very appreciative. Don't waste your time with the mood swings in this forum. Thanks again for your initiative.
Sounds like a buy signal to me.
Don't open those up just yet. When this hits .095 cents then I will start to believe this is the real A-Train rally.
This is obviously very positive for those vested. But how will this translate in the near term. Now that they're on the spotlight. Will they be compelled to cough up more percentage wise for the reorganization or will this be the solid foundation for a class action suit?
I agree. A few unexpected scenarios can still play out. Everything from the current pps to a tweaking of the %2 not to mention the fraud allegations being investigated that the judge may take into consideration. Nothing has been approved. Still just a plan.
Great. At least we have that issue settled. Thanks again for providing this info jade. I'm a bit curious why they are in the dark still and won't issue an 8k like Pasternak said they would.
That's not what I think at all although it's funny the way you processed it. I just want more of a clarification of what %2 translates to for shareholders from the law firm in charge of the BK. Plain and simple. If he's able to to do that then we can reference their anwswer instead of speculating.
Great jade keep us posted. I would rather get a confirmation from a representative of the BK than everyone else speculating here.
There seems to be a misunderstanding on what the %2 percent actually will mean for shareholders. 2 percent of the valuation of the new company is what others are reading into it. Not two percent of the shares that you currently hold. Jade maybe you can clarify this with Pasternak as well.
Much appreciated and great work. Always nice to know wheels are actually turning in the right direction lol.
Nothing to apologize for jade. Nothing wrong with sharing actual useful info with no hidden agendas.
Everyone holding shares is and already been a skeptic of the possibilities. Since we're already sub-penny I don't see the point of grinding out more negatives. It's already ground. The POR will either be funeral or a rebirth. Since it is being called a regorganization let's hope it's the latter. If it's a funeral then let the haunting begin lol.
It'll be your fault lol. But this is being watched by everyone. Possily even by the SEC so I have a hunch the the POR will be timely. Not holding my breath for a run to .30 but strange things happen all the time in penny land.
I'll venture to guess it'll be an up week. At these levels it's a "no-brainer".
You're about 8 months too late with your first post.
No you don't need to sell for a loss to be included in the suit. From what I gather the lawsuit will be contingent to what the reorganization will give to people who held on to their old shares. If the POR is fair and acceptable then the suit might not go forward.
Dr.P you seem convinced that the BOD intentionally destroyed the value of Atrn. If a class c lawsuit goes forward are you confident the evidence will have enough legs to get them to settle? Barring their restructuring plan doesn't include anything fair for those with losses.
You are still exactly right. All your fault if they put out a PR or 8k when they said they would on said date according to the lawyer respresenting ATRNQ you corresponded with. So if the pps goes up on jul 15 then we have someone to blame ;).
Correct! Your handle is below mine so I can't take credit even if I wanted. If they put out the PR for reorganization on the 15th it will be entirely your fault.
I was reassured the POR will be filed on the 15 th.,
If u need the site to view the plan, I will repost again.
We will be given new shares , the worth, & how many, as I stated before, depends on how many shares are distributed .
A PR, or 8k, is being worked on, I would think we will get both, if the Co., wants to be up to date & cont. trading.
This has nothing to do with what I believe, has everything to do with what I was informed from the attorney.
Everyone has 2 options, maybe 3,
Sell before the finalization, hold til after, or if u bought at these low levels, flip it before EO July, IMO.
Thanks jade. Very very grateful for this info.
Will this be a class action type of suit?
Explains why he asked this forum who else received a letter. He (possibly others here) might be pursuing a different recourse independent of the efforts of Dr.P. He knows full well why he got that letter.
How did they get your home address? Have you been in contact with them? You said you sold all your shares last week but I think you know more than you're letting on about this letter means and the actual intent of it's request.
Exactly and everyone here knows this. The wording of the last 2 PRs are the key and it's there for everyone to read. If this was Chapter 7 and not reorganization then the game is up and stockholders would have no other options except pure litigation. But every shark and short will be out in full force waiting for the dips. I would even dare a prediction that the pps eod monday will surprise even the most pessimistic here. ATRN will definitely be in the radar the next few weeks through sheer volume.
Kapla I agree. I firmly believe the BOD made sure to put that clause of "existing equity holders" to stave off what they know is around the corner if they otherwise didn't. If this a foreign company based in kazahkstan they might get away with screwing us but it's not. The BK is already priced in and this could still bounce big time before June 30th imo. It would be really unusual if they halt trading but I don't believe they will. By the way I'm in norcal as well.
I've been through a stock bankruptcy before and I've never seen that provision for "existing equity holders" before (i.e. people holding stock). Let's not all come to definitive conclusions as people here sick and tired of fear mongering. The BOD knows people are on to them and if they have any amount of good judgement left they'd wanna see this to see this through a fair conclusion. They only other alternative is a $hitstorm of litigation.
I put a 10000 block sell at 0.4 thinking it wouldn't bite but it did before the close. I still own a good position but had to sell to pay off some bills lol. Someone has definitely been accumulating like many here suspected. Looks like remaining shareholders will hopefully be bought out to put a close to this debacle. Glta.
I had a dream last night about ATRN. I remember 2 numbers specifically. One was .7 and .11. Both lucky numbers srangely enough so it must be have come straight from god. I'll trust my dreams more than I would any poster here.
Great DD and I do mean that. These people are not dumb but they are sneaky.
Interesting take. To me this makes the most sense so far. The negotiations are definitely still in progress and they are hammering out the final details to make it happen imo. This needs to be stickied.
That would be awesome. Not holding my breath but something similiar did happen in february. Stop losses were triggered and all hell broke loose. But the pps recovered in a few days thanks to the longs. What caused that dump still hasn't been explained and was fairly similiar minus the "PR"" this time.
The word "terminating" is the most ambiguous part. Did they terminate completely or did they terminate for the time being until they "wind" down that part of their operation which the potential buyer possibly did not want. It seems like that part is already a done deal thus the exit of baker etc,. Either way that announcement if it was meant as a courtesy is very vague and putting it out 20 minutes before close was devisive. They really want us to sell imo and that was probably their last bid to do so before they announce a buy/merger.